Today we learned the Obama Administration forced GM CEO Rick Wagoner to resign. Administration officials cited the need for "change" in leadership before the taxpayers would spend more money bailing out the auto-giant. (Wagoner, of course, presided over GM for the past nine years as the company racked up billions in debt.)
So to recap: If you're a CEO who racks up billions in debt the government has you fired. If you're a politician who racks up trillions in debt, breaks the economy, and blows cash on special interests with taxpayer dollars you demand more money and start running private companies.
Welcome to the USSA.
Update: Mark Steyn has a typically good post on this subject over in the corner.
Finally Finding Debt We Don't Like
Posted by Dominic Rupprecht - March 30, 2009Thoughts? Add Comment -
said on Mar 30 2009 at 8:59am
"Chains you can believe in!"

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